Brian M. Krzanich Sells 61,860 Shares of Intel Corporation (INTC) Stock
Intel Corporation (NASDAQ:INTC) CEO Brian M. Krzanich sold 61,860 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Intel Corporation (NASDAQ:INTC) traded up 0.87% during midday trading on Tuesday, hitting $39.38. The company had a trading volume of 34,002,193 shares. The stock has a market cap of $185.05 billion, a price-to-earnings ratio of 15.03 and a beta of 1.07. The company’s 50 day moving average is $36.15 and its 200 day moving average is $35.70. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $39.70. Intel Corporation also saw some unusual options trading on Monday. Investors bought 65,675 call options on the company. This represents an increase of approximately 250% compared to the typical volume of 18,768 call options.
Intel Corporation (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analyst estimates of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. On average, equities analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.
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Several large investors have recently added to or reduced their stakes in INTC. Murphy Capital Management Inc. lifted its stake in Intel Corporation by 18.4% during the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock valued at $1,070,000 after buying an additional 4,928 shares in the last quarter. Sigma Planning Corp boosted its stake in Intel Corporation by 0.5% in the 1st quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after purchasing an additional 335 shares during the period. Stockman Wealth Management Inc. boosted its stake in Intel Corporation by 2.3% in the 1st quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after purchasing an additional 2,903 shares during the period. Pillar Pacific Capital Management LLC boosted its stake in Intel Corporation by 0.4% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after purchasing an additional 930 shares during the period. Finally, GFS Advisors LLC boosted its stake in Intel Corporation by 9.2% in the 1st quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after purchasing an additional 9,635 shares during the period. Institutional investors and hedge funds own 67.03% of the company’s stock.
INTC has been the topic of a number of analyst reports. Jefferies Group LLC reiterated an “underperform” rating and set a $30.00 price objective (up previously from $29.00) on shares of Intel Corporation in a research report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Hilliard Lyons began coverage on Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 target price for the company. Northland Securities set a $40.00 target price on Intel Corporation and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Intel Corporation in a research note on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.61.
About Intel Corporation
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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